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Fill the amortization table of a loan of 5.000.000€, to be repaid in 6 years, with...

Fill the amortization table of a loan of 5.000.000€, to be repaid in 6 years, with annual payments and an annual interest rate of    7,50% to be cancelled by the american system.

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Answer #1

Amount of Loan = € 5,000,000
Number of Payments = 6
Annual Interest Rate = 7.50%

Annual Payment = € 5,000,000 / PVIFA(7.50%, 6)
Annual Payment = € 5,000,000 / 4.69385
Annual Payment = € 1,065,223.64

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